KBC partners with Cost Engineering Consultancy for oil and gas sector

Created: Tuesday, 07 August 2018 06:45

KBC, the business improvement company for the energy and chemical industry, has announced a solution for integrated engineering design, optimisation, cost estimation and cost management, involving interoperability of two market-leading software products: Cleopatra Enterprise from Cost Engineering and Petro-SIM from KBC

Cleopatra Enterprise is a comprehensive project cost management solution. It provides the tools needed for the full project life cycle for estimating, budgeting, planning, cost control and benchmarking of technical projects and complex, time-driven, turnarounds.

Petro-SIM is the leading rigorous steady-state and dynamic process simulation and optimization software platform for hydrocarbon processes. The company’s open platform architecture promotes exceptional levels of integration and collaboration among project teams. It supports the full process life cycle, from design and operations through performance optimization and stewardship, reducing capital and operating expenses.

The combined solution is applicable to upstream oil and gas production, natural gas liquids (NGL) processing, natural gas liquefaction, oil refining and petrochemicals operations. As well as economic optimisation of the process operation by Petro-SIM, the addition of Cleopatra Enterprise provides the capability to generate cost estimates with each iteration of the simulation, increasing project efficiencies.

“In the energy and chemical industry, assets need to be designed and optimised for maximum safety, reliability and profitability. During the conceptual, front-end engineering and design, and operations stages of projects, optimal process configurations need to be evaluated in an efficient manner: an exercise which involves intimate iteration between process configuration and cost estimation and management,” said Christiaan des Bouvrie, CEO of Cost Engineering.

“KBC has invested heavily in Petro-SIM's unique database architecture and functionality to address the design and engineering-related challenges of today, including project cost management,” said Andy Howell, CEO of KBC.

“KBC and Cost Engineering share many mutual customers and the market has been calling for a tighter integration of our two products,” Howell added.

The company aims to fully embed Cleopatra Enterprise within Petro-SIM to take a huge step to improve the efficiency and effectiveness of process engineers, cost estimators and project controllers while continuing to deliver on the KBC promise of operational excellence.